"There should be no "safe spaces" for terrorist financing anywhere in the world," the statement said, pointing that weak implementation of existing standards allowed terrorists to get funds. It is a point that Prime Minister Narendra Modi had alluded to in his speech as well, noting that nations are less networked in dealing with the menace while the terrorists are better networked.
On PM Modi's radar were Pakistan-based terror groups such as the Lashkar-e-Taiba (LeT) and Jaish-e-Mohammad (JeM) and "some nations" - an oblique reference to Pakistan - that use terrorism for achieving political goals.
Asserting that the rule of law applies online as well as offline, the G20 leaders also focussed on working closely with the private sector particularly communication service providers. This was essential, the declaration said, "to fight exploitation of the internet and social media for terrorist purposes such as propaganda, funding and planning of terrorist acts, inciting terrorism, radicalising and recruiting to commit acts of terrorism.
But the G20 leaders also underscored that it was crucial to address the underlying conditions that terrorists exploit and called states to promote political and religious tolerance and inclusiveness.
The 21-point declaration called such "low cost attacks by small cells and individuals" funded by small amounts of an increasing challenge and asked private sector and regulators to strengthen efforts to identify and tackle terrorism financing.
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